Martello Announces Operational Restructuring

Strategic realignment sees Vantage DX enter End of Sale phase aimed at accelerating positive cashflow.

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OTTAWA, ON, Oct. 20, 2025 /CNW/ - Martello Technologies Group Inc., ("Martello" or the "Company") (TSXV: MTLO), a provider of experience management solutions for enterprise collaboration, announced today an operational restructuring in which its Vantage DX product will transition to End of Sale status. The Company will refocus its resources on the Mitel business and intends to pursue new innovations applying artificial intelligence (AI) to the IT monitoring space. Vantage DX will join Martello's suite of legacy products that continue to deliver operational cashflow for the Company.

As part of the operational restructuring, Chief Technology Officer Doug Bellinger will leave that role and transition into an advisory role, advising Martello's board of directors on technology strategy. In addition, shifting Vantage DX to legacy status is expected to result in a reduction of Martello's overall global workforce by approximately 50%.

"The operational restructuring announced today aims to move Martello towards profitability, creating the foundation for future growth and shareholder value", said Jim Clark, Chief Executive Officer of Martello. "While we sincerely regret the impact on our people, we believe this is the right decision for the business. We will continue to serve our valued Vantage DX  partners and customers while we work closely with Mitel to nurture the Mitel Performance Analytics (MPA) business and pursue new innovation in AI, which we believe can be impactful in the monitoring space."

Chairman Terence Matthews continues to support Martello: "With AI transforming industries, it's important that Martello apply resources towards continued innovation for its Mitel customers and for future offerings", said Mr. Matthews. "I look forward to continued Mitel Performance Analytics development and new product innovation in the future".

Vantage DX is a digital experience monitoring solution for Microsoft Teams that was launched in September 2021. Martello will continue to support existing partners and customers of Vantage DX, while focusing resources on its core offerings to drive improved operational efficiency and profitability.

About Martello Technologies Group

Martello (TSXV: MTLO) is a technology company that provides experience management solutions for enterprise collaboration tools such as Microsoft Teams and Mitel unified communications. Martello is a public company headquartered in Ottawa, Canada. Learn more at http://www.martellotech.com

This press release does not constitute an offer of the securities of the Company for sale in the United States. The securities of the Company have not been registered under the United States Securities Act of 1933, (the "1933 Act") as amended, and may not be offered or sold within the United States absent registration or an exemption from registration under the 1933 Act.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods and includes, but is not limited to, information, statements and expectations regarding the restructuring described and the expected impacts on Martello's business, profitability and workforce, the pursuit of new AI product innovation and the potential outcomes of such focus and other activities, events or developments that the Company expects or anticipates will or may occur in the future.

Forward-looking information is neither a statement of historical fact nor assurance of future performance. Instead, forward-looking information is based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking information relates to the future, such statements are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking information. Therefore, you should not rely on any of the forward-looking information. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking information include, among others, the following:

• The possibility that new development efforts may not result in viable products or that new products may not achieve market acceptance;
• Our restructuring efforts may not result in profitability in the near term or at all;
• Continued volatility in the capital or credit markets and the uncertainty of additional financing;
• Our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so;
• Changes in customer demand;
• Disruptions to our technology network including computer systems and software, as well as natural events such as severe weather, fires, floods and earthquakes or man-made or other disruptions of our operating systems, structures or equipment;
• Delayed purchase timelines and disruptions to customer budgets, as well as Martello's ability to maintain business continuity; and
• Other risks disclosed in the Company's filings with Canadian Securities Regulators, available on the Company's profile on SEDAR+ at sedarplus.ca .

Any forward-looking information provided by the Company in this news release is based only on information currently available and speaks only as of the date on which it is made. Except as required by applicable securities laws, the Company undertakes no obligation to publicly update any forward-looking information, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE Martello Technologies Group Inc.

CONTACTS: Tracy King, Vice President Communications & Regulatory, Martello Technologies Group Inc., [email protected], 613.410.7636; Jim ClarkChief Executive Officer, Martello Technologies Group Inc., [email protected], 613.271.5989